2018: Maria Schutte, Milestone Book Selection
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Year of Recognition
2018
Recognition
Promotion to the rank of Associate Professor, Department of Economics and Finance
Book Selection
The Theory of Moral Sentiments, by Adam Smith
Recommended Citation
Schutte, Maria, "2018: Maria Schutte, Milestone Book Selection" (2018). Milestone Recognition Program. 14.
https://ecommons.udayton.edu/svc_milestone/14
Why the honoree chose the book
This book was written and published by Adam Smith years before his celebrated Wealth of Nations and is an indispensable reading to understand Smith's ideas about laissez-faire market economy. Without a wide base of ethical people raised with sound moral character, the idea that an "invisible hand" will ensure the allocation of capital to the best ideas cannot function. This is why sound character and values are the basis of society and freedom.